Ed has made an investment that will return a fixed percentage of simple interest. He knows that
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Ed has made an investment that will return a fixed percentage of simple interest. He knows that he started with $8000 on March 10 and that on May 14, the investment is worth $8168.1. What annual rate of interest is he receiving?
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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